Exhibit 8.1



Subsidiaries of Adecoagro S.A.



Majority Owned Subsidiaries:



|   | Name                                               | Place of Incorporation
|-- | -------------------------------------------------- | ----------------------
|1  | Adecoagro GP S.a r.l.                              | Luxembourg            
|2  | Adecoagro LP S.C.S                                 | Luxembourg            
|3  | ONA Ltd.                                           | Malta                 
|4  | TOBA Ltd.                                          | Malta                 
|5  | Kadesh Hispania S.L.U.                             | Spain                 
|6  | Leterton España S.L.U.                             | Spain                 
|7  | Global Calidon S.L.U.                              | Spain                 
|8  | Global Acamante S.L.U.                             | Spain                 
|9  | Global Mirabilis S.L.U.                            | Spain                 
|10 | Global Carelio S.L.U.                              | Spain                 
|11 | Global Asterion S.L.U.                             | Spain                 
|12 | Global Pindaro S.L.U.                              | Spain                 
|13 | Global Acasto S.L.U.                               | Spain                 
|14 | Global Pileo S.L.U.                                | Spain                 
|15 | Global Anceo S.L.U.                                | Spain                 
|16 | Global Laertes S.L.U.                              | Spain                 
|17 | Global Seward S.L.U.                               | Spain                 
|18 | Peak Texas S.L.U.                                  | Spain                 
|19 | Peak City S.L.U.                                   | Spain                 
|20 | Global Hisingen S.L.U.                             | Spain                 
|21 | Adeco Agropecuaria S.A.                            | Argentina             
|22 | Pilagá S.A.                                        | Argentina             
|23 | Cavok S.A.                                         | Argentina             
|24 | Establecimientos El Orden S.A.                     | Argentina             
|25 | Agro Invest S.A.                                   | Argentina             
|26 | Forsalta S.A.                                      | Argentina             
|27 | Bañado del Salado S.A.                             | Argentina             
|28 | Dinaluca S.A.                                      | Argentina             
|29 | Compañía Agroforestal de Servicios y Mandatos S.A. | Argentina             
|30 | Simoneta S.A.                                      | Argentina             
|31 | Ladelux S.A.                                       | Uruguay               
|32 | Kelizer S.A.                                       | Uruguay               
|33 | Agroglobal S.A.                                    | Uruguay               
|34 | Adecoagro Brasil Participações S.A.                | Brazil                
|35 | Adeco Agropecuária Brasil Ltda.                    | Brazil                
|36 | Usina Monte Alegre Ltda.                           | Brazil                
|37 | Adecoagro Vale do Ivinhema S.A.                    | Brazil                
|38 | Adecoagro Commodities Ltda.                        | Brazil                
|   |                                                    |                       







|  | Non - consolidated Affiliated Entities |                       
|- | -------------------------------------- | ----------------------
|  | Name                                   | Place of Incorporation
|1 | CHS Agro S.A.                          | Argentina